MEDELY 401(K) PLAN
Plan Contact
- Address: 2355 WESTWOOD BLVD, SUITE 412,LOS ANGELES,CA
- Contact person: JOHN MARK WARREN
- Phone: (424) 371-9805
Plan General Information
MEDELY 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MEDELY 401(K) PLAN is $6,236,080.00.This plan was established in 2022.
MEDELY 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MEDELY 401(K) PLAN is 764
MEDELY 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MEDELY 401(K) PLAN is $8,162.00
MEDELY 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MEDELY 401(K) PLAN is $5,454.00.
MEDELY 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MEDELY 401(K) PLAN is approximately $689.00
Investing in this additonal $689.00 for 20 years would give you extra $44,134.00, assuming a 10% annual return.
Investing in this additonal $689.00 for 20 years would give you extra $44,134.00, assuming a 10% annual return.
MEDELY 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, MEDELY 401(K) PLAN allocates $526,860.00 to match its employees' contributions, providing an employer match rate of 25.29% of their contributions
MEDELY 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MEDELY 401(K) PLAN is 163.54%.
MEDELY 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MEDELY 401(K) PLAN is 19.04%. This measures the effectiveness of the plan participants' investments in the year.
MEDELY 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MEDELY 401(K) PLAN is 0.55%.
Enrollment Features
MEDELY 401(K) PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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